Caxton Associates LLP Takes Position in Two Harbors Investments Corp $TWO

Key Points

• Caxton Associates LLP invested approximately $1.63 million in Two Harbors Investments Corp, acquiring 121,807 shares, which constitutes about 0.12% of the company as per their recent SEC filing.
• Several institutional investors have increased their stakes in Two Harbors, with LPL Financial boosting its holdings by 36.7%, reflecting increased confidence in the real estate investment trust.
• Analysts have recently adjusted their price targets for Two Harbors Investments, with the average target now set at $12.43 and the stock receiving a mix of ratings, including three "Buy" and five "Hold."

Caxton Associates LLP bought a new position in Two Harbors Investments Corp (NYSE:TWO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121,807 shares of the real estate investment trust's stock, valued at approximately $1,627,000. Caxton Associates LLP owned approximately 0.12% of Two Harbors Investments as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TWO. Millennium Management LLC grew its position in Two Harbors Investments by 1,052.4% in the fourth quarter. Millennium Management LLC now owns 1,090,851 shares of the real estate investment trust's stock worth $12,905,000 after acquiring an additional 996,188 shares in the last quarter. Nuveen LLC acquired a new position in Two Harbors Investments during the 1st quarter valued at $3,344,000. Advisors Asset Management Inc. raised its stake in shares of Two Harbors Investments by 29.2% in the 1st quarter. Advisors Asset Management Inc. now owns 754,400 shares of the real estate investment trust's stock valued at $10,079,000 after buying an additional 170,586 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Two Harbors Investments in the 1st quarter valued at $2,246,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Two Harbors Investments by 13.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,371,702 shares of the real estate investment trust's stock valued at $16,227,000 after buying an additional 164,452 shares in the last quarter. 64.19% of the stock is owned by institutional investors.

Two Harbors Investments Price Performance

Shares of NYSE TWO remained flat at $10.05 during mid-day trading on Friday. 1,226,271 shares of the stock traded hands, compared to its average volume of 1,791,132. The stock has a market capitalization of $1.05 billion, a PE ratio of -2.82 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.08. Two Harbors Investments Corp has a one year low of $9.49 and a one year high of $14.28. The company has a 50 day simple moving average of $10.07 and a two-hundred day simple moving average of $11.24.

Two Harbors Investments (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of ($18.12) million for the quarter, compared to analyst estimates of ($23.29) million. Two Harbors Investments had a negative net margin of 67.06% and a positive return on equity of 9.39%. On average, sell-side analysts predict that Two Harbors Investments Corp will post 0.81 EPS for the current year.

Two Harbors Investments Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 3rd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date is Friday, October 3rd. Two Harbors Investments's dividend payout ratio (DPR) is currently -43.82%.

Insider Buying and Selling at Two Harbors Investments

In related news, CIO Nicholas Letica sold 8,654 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.02, for a total value of $86,713.08. Following the sale, the executive directly owned 160,281 shares in the company, valued at $1,606,015.62. This trade represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TWO has been the subject of a number of recent research reports. Maxim Group dropped their price objective on shares of Two Harbors Investments from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. JMP Securities reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. Citizens Jmp reaffirmed a "market perform" rating on shares of Two Harbors Investments in a report on Thursday, July 3rd. UBS Group decreased their price objective on shares of Two Harbors Investments from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Wednesday, September 3rd. Finally, Royal Bank Of Canada decreased their price objective on shares of Two Harbors Investments from $13.00 to $12.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 28th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Two Harbors Investments has an average rating of "Hold" and a consensus price target of $12.43.

Two Harbors Investments Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.